The International Monetary Fund (IMF) has reported that the Federal Government of Nigeria did not include public expenditure amounting to approximately N8.8 trillion, or 2% of the country's Gross Domestic Product (GDP), in its recent national budgets. This omission has led to a discrepancy between the reported fiscal deficit and the actual financing requirements of the country, according to the IMF's Resident Representative.

Nigeria's Federal Government on Monday set up a high-powered inter-agency committee to harmonise macroeconomic assumptions underpinning national budgeting and economic planning, according to Vanguard. The move aims to eliminate conflicting economic projections produced by Ministries, Departments and Agencies, creating a unified basis for fiscal planning across government bodies.

The Federal Government of Nigeria has refuted claims that it spent over ₦8 trillion outside the approved 2026 budget, challenging anyone who believes this to provide evidence. This statement comes in response to remarks made by IMF Resident Representative in Nigeria, Christian Ebeke, who indicated that approximately two percent of Nigeria’s GDP was spent outside the budget in 2025.

The Federal Government of Nigeria has denied allegations of spending ₦8 trillion outside the 2026 budget, asserting that a report from the International Monetary Fund (IMF) was misrepresented. Finance Minister Taiwo Oyedele provided clarification on the matter.

Nigeria's budget cycles under President Bola Tinubu have been described as chaotic, characterized by repeated extensions of the 2025 capital budget. The article explores the implications of this disorganization on the country's financial management and governance, according to Punch.

Nigeria's Finance Minister, Mr. Oyedele, has clarified that the Federal Government does not engage in a 'shadow budget' or spend public funds outside the established constitutional and statutory framework for public finance. This statement aims to dispel any misconceptions regarding the government's financial operations.